Micro-x Ltd. · ASX:MX1
Micro-x — Shareholder Meeting (November 2022)
20 slides from Micro-x's shareholder meeting presentation, Nov 14, 2022
Slide 1: Primed for Growth: 2022 Annual General Meeting
ACN 153 273 735 / ASX: MX1 PRIMED FOR GROWTH 2022 Annual General Meeting CEO presentation Peter Rowland Managing Director & CEO
Slide 2: Miniaturising X-ray
M I N I A T U R I S I N G X - R A Y First mover in Nano Electronic X-ray (NEX) Technology for global health and security markets 2
Slide 3: Financial Highlights FY2022
F I N A N C I A L H I G H L I G H T S F Y 2 0 2 2 Foundations for future growth across all four products Revenue $9.0M ↑ 138% (FY21 $3.8M) Secured major contracts1 AUD$14M Other income $4.1M ↑ 38% (FY21 $3.0M) DHS US$4M + ASA AUD$8M Mobile DR sales $3.8M (FY21 $3.6M) Costs reduced & realigned ↓22% F
Slide 4: FY2022 Operational Highlights
F Y 2 0 2 2 O P E R A T I O N A L H I G H L I G H T S Strong commercial progress and key developmental milestones achieved Mobile DR - Rover IED Camera - Argus Checkpoints Brain CT Scanner ü Major brand launch at RSNA ü Successful test images with 160kV ü DHS accepted design for ü $8M ASA contract s
Slide 5: Tube Development
T U B E D E V E L O P M E N T Three different tubes, all using NEX technology 1 2 3 1 First generation NEX tube - developed in 2018 - sold commercially in Mobile DR products 2 Reverse polarity NEX tube – developed in 2021-22 – in Argus IED camera and CT Baggage Scanner from 2023 3 Miniature NEX tube
Slide 6: Generator Development
G E N E R A T O R D E V E L O P M E N T World-leading innovation in high voltage power supplies In-house design and manufacture of high-voltage generators optimises product design, means we can better control manufacturing costs and reduces reliance on overseas suppliers Expansion of core technology
Slide 7: Imaging Software
I M A G I N G S O F T W A R E Common image reconstruction and processing techniques supports products Rover – 2D imaging Argus – 2D imaging using backscatter CT Baggage Scanner & Brain CT Scanner – 3D imaging - engineers in Adelaide and Seattle developing algorithms and software Argus – integrated s
Slide 8: Varex Strategic Collaboration
V A R E X S T R A T E G I C C O L L A B O R A T I O N $15M technology collaboration and investment by Varex Imaging Technology collaboration strongly validates Micro-X NEX technology o Collaborating with a leading innovator and manufacturer of x-ray tubes & detectors o Builds greater acceptance and
Slide 9: One Company, Four Businesses
ONE COMPANY, FOUR BUSINESSES T h e p o w e r o f M i c r o - X N E X T e c h n o l o g y
Slide 10: Mobile DR
M O B I L E D R Launch of Rover Plus and expanded US distribution network First tier mobile X-ray unit - 100kg v 600kg Proven versatility in a range of uses o Medical – Military – Veterinary – In-home High quality & reliability – industry leading ‘tubes for life’ Next gen Rover Plus – higher x-ray p
Slide 11: Mobile DR
M O B I L E D R Saving lives and simplifying workflow for health professionals “The availability of mobile x-ray units with a built-in battery (in connection with the regular shelling of Ukraine’s energy infrastructure) is currently among the needs to ensure a quick examination of wounded persons… T
Slide 12: IED X-ray Camera – Argus
I E D X - R A Y C A M E R A – A R G U S Saving lives in the world’s most dangerous workplace Remote viewing with Argus camera carried by EOD robot Vastly lower risk to technician – robot can perform assessment as well as disrupt device remotely High resolution image allows diagnosis to component lev
Slide 13: Argus Progress
A R G U S P R O G R E S S Product development being completed, customer trials 2023 Key components designed, built and tested Technical refinements for a robust, production o Reverse polarity 160kV x-ray tube – smaller than Rover product o High-voltage generator - miniaturised o New processes in hig
Slide 14: Checkpoints
C H E C K P O I N T S Transforming the future of air travel – speed, safety, privacy Market opportunity is US$24B in airports alone Customer driven concept to improve travel experience US$8B in US airports and US$16B in ROW airports Automation will improve experience - faster TSA annual manpower cos
Slide 15: Checkpoints
C H E C K P O I N T S Funded by two contracts with Department of Homeland Security – US$4.5M CT Baggage Scanner Passenger Self Screening Portal - US$2M contract for prototype mid 2023 - US$2.5M contract for design completes 2023 3D imaging of passenger carry-on luggage Self service portal for entire
Slide 16: Passenger Self-Screening Checkpoint
P A S S E N G E R S E L F - S C R E E N I N G C H E C K P O I N T The video played at today’s AGM will be available on the Company’s website 16
Slide 17: Brain CT Scanner
B R A I N C T S C A N N E R Programme on time & on budget - commercial product in 3 years Micro-X CT Scanner supported by $8M from Commonwealth MRFF Fund in partnership with Australian Stroke Alliance Robust imager with no moving parts Designed to image bleeds smaller than 1mm ‘Standard of Care’ CT
Slide 18: Environment, Social & Governance
E N V I R O N M E N T , S O C I A L & G O V E R N A N C E Our people and culture are the key to our ongoing innovation & success 23% female employees and 0 Lost time injuries since Dec 2020 Partnered with Non-Government 18 nationalities represented Zero fatalities or serious injuries Organisations t
Slide 19: Outlook
O U T L O O K F O R 2 0 2 3 Primed for growth Argus x-ray camera first sales o Successful customer demonstrations o Australian DoD LAND 154 tender decision o First sales of Argus systems CT Baggage Scanner prototypes delivered to DHS Self-Screening Checkpoint design completion Mobile DR growth in pi
Slide 20: Important Notice
IMPORTANT NOTICE S C O P E & L I M I TAT I O N S This Presentation has been prepared by Micro-X Limited (Micro-X or the Company) (ASX.MX1). The Presentation is a summary only and does not contain all the information about the Company’s assets and liabilities, financial position and performance, prof